SEC. 9 โ€บ (f)

(f) .โ€” Rule of Construction

๐Ÿ“œ Rulemaking Required๐Ÿ›๏ธ OCC๐Ÿ›๏ธ Treasurydisclosuresaml

Bill Text

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ยง9(f)๐Ÿ“œ Rulemaking

(f) .โ€” Rule of Construction

Nothing in this section shall be construed to limit the existing authority of the Secretary of the Treasury or the primary Federal payment stablecoin regulators to, prior to the submission of a report required under this section, use existing exemptive authorities, the no-action letter process, or rulemaking authorities in a manner that encourages regulated financial institutions to adopt novel or innovative methods, techniques, or strategies to detect illicit activity, such as money laundering, involving digital assets.